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Suppose that you buy $ 7 , 0 0 0 worth of shares of a mutual fund that has the following characteristics: NAV $ 5

Suppose that you buy $7,000 worth of shares of a mutual fund that has the following characteristics:
NAV $51
Total Assets $364,000,000
Shares Outstanding 7,137,254.901961
Invest $7,000
A) How many shares do you purchase?
You purchase
shares . Round your answer to 2 decimal places.
B) What is the new NAV and total assets of the fund?
The total assets of the fund is now $
and the new NAV is $
. Round your answer to 2 decimal places. Do not round intermediate calculations.

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